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Disbursement of Aid



How Financial Aid Awards are Disbursed

All financial aid funds can be used for your educational expenses, including living expenses, while you are in school. 

It is our intent to have your financial aid credited to your student account as early as 10 business days before the first day of class for each term. In accordance with federal regulation, this is the earliest date that aid can be disbursed. You must, however, have a complete application on file in our office to have your aid disbursed. If you apply late or do not complete your file promptly, your financial aid funds may be delayed. Almost all financial aid awards (with the exception of out-of-state loan checks, alternative loan checks, consortium checks, and some scholarship funds) are disbursed into your student account by the Office of Financial Aid and Scholarships. Contact our office for more information regarding the schedule of disbursements.

Things You Should Know about Disbursement

  • In order for a disbursement to occur, you must have a complete file; you must be registered for the minimum credits required for your awards; you must not be on financial aid suspension (SAP); and you must have no holds on your financial aid file.
  • Aid will be canceled if not disbursed by census date each semester. Census date is the “Last Day to Add/Drop Full-Semester Classes with 50% Refund” date as published in MSU Denver’s Academic Calendar.
  • If you must buy books or if you need other financial assistance before your financial aid funds are available, you may be able to obtain a short-term loan against your pending financial aid award. Please visit the Short Term Loan Program page for more information.

Proration of Financial Aid Awards

All students will initially receive an aid package quote that is based on full-time enrollment status (6 or more credit hours each semester). However, if you make any changes to your enrollment status prior to the census date (which is the “Last Day to Add/Drop Full-Semester Classes with 50% Refund” date as published in MSU Denver’s Academic Calendar for each semester), your entire aid package may be prorated if your enrollment status drops to less than full time. If you have already accepted your aid and it has paid into your student account, the Office of Financial Aid and Scholarships may have to adjust and bill a portion of your aid to keep within your total Cost of Attendance resulting in a balance owed to MSU Denver.

Likewise, if you increase your enrollment status upward from half-time enrollment prior to the census date, you may be eligible for an increase in your awards. Please note that each time you adjust your enrollment status before census date, your aid award will be prorated and your student account will be adjusted for necessary increases or decreases in tuition charges and financial aid awards. Notification of any changes to your awards will be sent via email to your Student Hub.

For Graduate students to maintain their full eligibility in Federal Stafford Loans, they must be established in at least 3 credit hours or more for the term.

Accepting and Rejecting Financial Aid Awards

Federal Stafford Loans and the Graduate PLUS can be accepted through Student Hub

Satisfactory Academic Progress 

Please visit the Graduate Satisfactory Academic Progress Section on our website.

 


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